When estimating the useful life of an asset, accountants do not consider
A)the cost to replace the asset at the end of its useful life.
B)vulnerability to obsolescence.
C)expected repairs and maintenance.
D)the intended use of the asset.

Question

Quizplus · Accepted Answer

The cost to replace the asset at the end of its useful life is not considered when estimating its useful life; instead, factors like obsolescence, maintenance, and intended use are considered.

When Estimating the Useful Life of an Asset, Accountants Do